Closing 2013 with higher growth and profitability
WEG S.A., one of the world¿s largest manufacturer of electric-eletronic equipment, with five main product lines: Motors, Power, Transmission and Distribution, Automation and Coatings, announced today its results for the fourth quarter of 2013 (4Q13).
- Net operating revenues in the fourth quarter of 2013 reached R$ 1,893.3 million, with 13.9% growth over 4Q12 and 7.7% over the previous quarter;
- EBITDA reached R$ 341.7 million and EBITDA margin of 18.0% margin. Growth was 17.9% over the previous year and 4.5% over the previous quarter;
- Net Income totaled R$ 237.4 million, with net margin of 12.5% and 29.6% growth over 4Q12 and 3.8% over the previous quarter;
- Investments in fixed assets totaled R$ 243.7 million over 2013.